Barbara McKenna, Managing Principal, was recently quoted in the January 2018 edition of Emerging Manager Monthly. The article, titled “Fixed Income Coming Back Into Favor With Programs,” highlights` the continued success of emerging, minority, and... Read more
The $15 billion OCERS hired two additional core fixed income managers at its December 13th investment committee meetings. LIM was selected to handle a $125 million Core portfolio. Read more
The FOMC increased the range on the federal funds rate to (1.25% - 1.50%) from (1.00% - 1.25%). The vote was 7–2 with Kashkari and Evans dissenting. This was the third rate hike in 2017 and the fifth since they began normalizing rates. Read more
The $2.4 billion Phoenix City Employee Retirement System announced a restructuring of its fixed income portfolio that eliminates its core plus bond allocation and splits the allocation between two active Core managers and a passive Core portfolio.... Read more
The Trump administration has nominated Jerome (Jay) Powell as the next Chairman of the Federal Reserve, replacing Janet Yellen. This nomination came after months of speculation. President Trump reportedly drew his pick from a pool of five candidates... Read more
On September 20, a unanimous Fed announced that a reduction of its balance sheet would begin in October, starting with a cap of $10 billion per month in securities. This reduction will be carried out by allowing securities to mature and not... Read more